RICHFIELD, Minn. (AP) _ Best Buy Co. (BBY) on Thursday reported fiscal fourth-quarter profit of $626 million.

On a per-share basis, the Richfield, Minnesota-based company said it had profit of $2.62. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $2.73 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.

The consumer electronics retailer posted revenue of $16.36 billion in the period, which did not meet Street forecasts. Ten analysts surveyed by Zacks expected $16.58 billion.

For the year, the company reported profit of $2.45 billion, or $9.84 per share. Revenue was reported as $51.76 billion.

Best Buy expects full-year earnings in the range of $8.85 to $9.15 per share, with revenue in the range of $49.3 billion to $50.8 billion.

Best Buy shares have fallen roughly 1% since the beginning of the year, while the S&P's 500 index has dropped 8%. The stock has decreased nearly 2% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBY at https://www.zacks.com/ap/BBY

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